Paul Ryan, Herman Cain Push For Tax Increases On Middle Class

This is the nonsense that keeps me up at night. What sense does it make to increase the taxes on the middle class and not the rich? This makes no sense. I don't care how they try to spend the President's tax plan, it makes more sense and helps more people in the long run than anything the GOP has ever come up with.

Rep. Paul Ryan (R-Wis.) said on Sunday that House Republicans would oppose President Barack Obama's payroll tax cuts for both employers and employees, arguing that the policy had already failed to provide a sufficient boost to the economy. "It hasn't worked," Ryan said, suggesting the current temporary tax cut should be allowed to expire, which will amount to a 50 percent tax hike on workers making less than $106,000 per year.

He also said he opposes the president's proposal to require millionaires to pay the same tax rate as the middle class, known as the Buffett plan. "Class warfare might make for good politics, but it makes for rotten economics," Ryan said.

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